Market Updates 6/5/2019

ASX is expecting a positive start to this Monday’s trading session with SPI currently up by 31 points. This is boosted by strong results and another record closes in the US with Dow Jones closed up by 0.8%, S & P up by 1% & Nasdaq closed up by 1.6%. The Nasdaq registered a record high close while the S & P ended just shy of a record high finish as April’s jobs data easily surpassed expectations with non-farm numbers coming in at 263,000 with unemployment rate dropping to 3.6% from 3.8% from previous months.

In Europe, FTSE closed up by 0.4%, CAC up by 0.2% & DAX closed up by 0.6%.

In Commodities, Gold ended the week higher up by 0.7% to US 1279.11 an ounce, Brent Oil up by 0.1% to US 70.83 a barrel, US Oil up by 0.2% to US 61.94  a barrel and Iron Ore was unchanged closing at US 94.17 a tonne.

In the local market, investors will be waiting for Elections Day this Saturday with only the Wage Price Index number due out on Wednesday. In the US, Retail Sales are due on Wednesday. Speculators raised their net long bets on the US dollar to the highest since December 2015 in the latest week, according to calculations by Reuters and Commodity Futures Trading Commission Data released on Friday. The value of the net long dollar position was $US 38.88 billion in the week to April 30, up from US 37.21 billion the previous week.

Please contact of our Specialists for further information or trading opportunities.





AUD – RBA rate announcement

GBP – Average Earnings Index 3m/y


AUD – Wage Price Index q/q

CAD – CPI m/m

USD – Core Retail Sales m/m & Retail Sales m/m


AUD – Employment Change & Unemployment Rate


GBP – Retail Sales


Marketing Team
02 8197 0065
Posted in Foreign Exchange News.